Brijmohan Lall Munjal Net Worth

Brijmohan Lall Munjal Net Worth, Earning and Salary 2018
The history of India has come across many entrepreneurs and the name of the famous personality Brijmohan Lall Munjal comes in the top list. Fighting all odds during the British and after the independence of the country, he tried his best to earn money for feeding his family. He not only fulfilled his family’s dreams but set up an entire motor bikes’ industry which is named among the best in the world. We present an insight into the details of Brijmohan Lall Munjal Net Worth and his various income sources in this article.

HOW MUCH BRIJMOHAN LALL MUNJAL NET WORTH 2018 –DOLLAR 3.7 BILLION

Brijmohan Lall Munjal was born on 1 July 1923 at Kamalia district of Punjab. He was from a simple middle-classArora/Khatri family. After completing his formal education, he worked at the Army Ordnance Factory for Brijmohan Lall Munjal Net Worth, before moving his base to India after partition. B.M. Munjal’s journey began in 1944 at the age of 20. Brij Mohanlall along with his three brothers, Dayanand, Satyanand and Om Prakash moved from his birthplace Kamalia in Pakistan to Amritsar. The brothers started supplying components to the local bicycle business. After partition in 1947, the family was forced to move to Ludhiana. Although the town of Ludhiana was already a major hub of the Indian bicycle business and an important textile center, the Munjals slowly spread their bicycle component distribution network in other parts of the country and became one of India’s largest bicycle parts suppliers, uplifting Brijmohan Lall Munjal Net Worth. In 1952 Munjals made a shift from supplying to manufacturing for increasing Brijmohan Lall Munjal salary. They started manufacturing handlebars, front forks and chains. In 1956, the Punjab Government issued tender notices for twelve new industrial licenses to make bicycles in Ludhiana. Munjal and his brothers participated in the bid and won the contract. Hero Cycles was registered as a large-scale industrial unit with capital partly financed by the Government of Punjab, boosting up Brijmohan Lall Munjal income. In 1961, Rockman Cycles Industries was established to manufacture bicycle chains and hubs. Under Munjal’s leadership, Hero Cycles was the first company to export bicycles on such a large scale. In 1975, the company had become the largest bicycle manufacturer in India. By 1986, Hero Cycles entered the Guinness Book of Records as the largest manufacturers of bicycles in the world with the help of Brijmohan Lall Munjal earnings. Before entering into a joint venture with Honda Motors, Munjal started Majestic Auto and started manufacturing the Hero Majestic Moped. To manufacture motor cycles in 1984, the Hero Group started a joint venture with Hero Honda and established a plant at Dharuhera, Haryana. The Hero Group became so large that by 2002 it had sold 8.6 million bicycles, and was producing 16,000 motorcycles a day, increasing the Net Worth of Brijmohan Lall Munjal.

Brijmohan Lall Munjal Net Worth Sources

After the Hero Honda Motors joint venture broke up in August 2011, Hero was given an opportunity to expand its market globally with the name Hero MotoCorp. In the first week of August 2013, the company recorded a benchmark never before reached by an Indian two-wheel vehicle industry manufacturer, by producing 50 million bikes. For his outstanding contribution to the success of Hero Group, B.M. Munjal was honored with Ernst & Young’s Entrepreneur of the Year award in 2001. He died on 1 November 2015 in South Delhi after a short illness.